Smiths Industries agrees £207m buy-in with Canada Life

James Phillips
clock • 2 min read

The Smiths Industries Pension Scheme has completed a £207m buy-in with Canada Life to insure pensioner benefits.

It is the second bulk annuity purchase for the scheme, which last year entered a £250m buy-in with Pension Insurance Corporation. Both deals ensure a randomly-determined cross-section of liabili...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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